FTX’s Bahamas unit’s digital belongings have been transferred to digital wallets underneath the unique management of the fee in November quickly after the corporate and its hedge fund Alameda Research and dozens of associates filed for U.S. chapter.
Upon completion of the switch, FTX founders Sam Bankman-Fried and Gary Wang now not had entry to the tokens that have been transferred or frozen, the manager director of the fee, Christina Rolle, mentioned in an affidavit filed with the Bahamas Supreme Court.
“All transferred assets were and remain under the sole control of the commission,” Rolle mentioned.
Lawyers for crypto change FTX earlier this month opposed a requirement for inner data from its Bahamian business, saying they “do not trust” the Bahamian authorities with knowledge that could possibly be used to siphon off belongings from the bankrupt firm.
The authorities within the Bahamas, the place the corporate had its headquarters, appointed liquidators to wind down FTX’s worldwide buying and selling business quickly after the corporate introduced chapter.
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